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Gnoma [55]
3 years ago
14

Mogul Company ships merchandise to Ski Outfit in a consignment arrangement. The arrangement specifies that Ski Outfit will attem

pt to sell the merchandise, and in return, Mogul will pay to Ski Outfit a 15% sales commission on any merchandise sold. During the year, Mogul ships inventory with a cost of $92,500 to Ski Outfit. By the end of the year, $70,000 of the merchandise has been sold to customers for a total of $98,000. What amount of inventory will Mogul report at year end
Business
1 answer:
Yuliya22 [10]3 years ago
6 0

Answer:

$22,500

Explanation:

Given that,

During the year, Cost of shipping inventory to the Ski Outfit = $92,500

By the end of the year, amount of merchandise sold to customers = $70,000

Mogul will repeat inventory at the year end:

= Cost of inventory sent to consignee - Cost of inventory sold by consignee

= $92,500 - $70,000

= $22,500

Therefore, the amount of inventory will Mogul report at year end is $22,500.

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What is the totality of a firm's organizational arrangements, including its formal organizational structure, control systems, in
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Answer:

Organizational architecture.

Explanation:

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3 0
3 years ago
10. Which of the following factors should be considered when deciding on a career choice? Select
Keith_Richards [23]

Answer:

Explanation:

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One should consider the job requirements of that particular career since these requirements always determine how well one will perform in his/her career. The job requirements to be considered are; education level, level of expertise needed, and the experience.

2. Short-term goals

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3. Skills and interests

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Answer:

time bond

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time frame given to achieve that goal

4 0
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